The stock of Tivic Health Systems Inc. (NASDAQ:TIVC) decreased by -$0.11 on Monday to $2.07, down -5.05 percent. The last five days have seen an average of 1,013,650 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$61.9100. The average number of shares traded over the last 20 days was 1,076,409, while the average volume over the last 50 days totaled 550,927.
TIVC stock dropped -58.52% since last month. On 08/25/23, the company’s shares reached a one-month low of $2.0000. The stock touched a high of $205.00 on 01/23/23, after rallying from a low of $2.00 in 52 weeks. The price of TIVC stock has declined by -96.77% or -$61.9100 this year, reaching a new high 6 times. Still, the stock price is down -98.99% from the 52-week high.
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Valuation Metrics
Beta for the stock is 2.16. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.17, the price-to-book (PB) ratio of 7.96.
Financial Health
For the three months ended June 29, Tivic Health Systems Inc.’s quick ratio was 3.50, while its current ratio was 4.10, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 19.70% percent. Based on annual data, it had gross profit of $0.3 million and revenue of $1.84 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TIVC’s return on assets (ROA) during the last 12 months has been -125.50%. In the meantime, the return on equity (ROE) for the last 12 months was -177.20%.
Earnings Surprise
According to Tivic Health Systems Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $0.16 million, while revenues fell by -231.25% to $0.38 million. It was predicted that Tivic Health Systems Inc.’s quarterly earnings would be -$7, but it ended up being -$8, beating the consensus by 12.50%. EBITDA was -$2.08 million for the quarter. At the end of Tivic Health Systems Inc.’s most recent quarter ended June 29, its liabilities totaled 1.44 million, while its total debt was $0.46 million. Equity owned by shareholders amounts to $146.6 million.
Technical Picture
Here’s a quick look at Tivic Health Systems Inc.’s (TIVC) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 30.15%, suggesting the stock is Neutral, with a 413.74% historical volatility rate.
The stochastic %K and %D were 1.14% and 1.61% respectively, while the average true range (ATR) was 1.2700. Based on the 14-day stochastic reading of 0.85%, the RSI (14) reading is 34.07%. On the 9-day MACD Oscillator, the stock is at -2.0100, and the 14-day reading is at -1.9000.
Analyst Ratings
Analysts have assigned Tivic Health Systems Inc. (TIVC) an – rating. TIVC is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
